{"component": "definition", "props": {"groups": [{"samples": [{"hash": "kL7p03AhJ78", "uri": "/contracts/kL7p03AhJ78#performance-fee-rate", "label": "Money Manager Agreement (Tiff Investment Program Inc)", "score": 18.0, "published": true}, {"hash": "i8mdPTtjf3o", "uri": "/contracts/i8mdPTtjf3o#performance-fee-rate", "label": "Money Manager Agreement (Tiff Investment Program Inc)", "score": 18.0, "published": true}, {"hash": "fKDOwdqYwyz", "uri": "/contracts/fKDOwdqYwyz#performance-fee-rate", "label": "Money Manager Agreement (Tiff Investment Program Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-rate", "type": "clause", "offset": [6, 14]}, {"key": "application-of-the", "type": "clause", "offset": [34, 52]}, {"key": "rate-of-return", "type": "definition", "offset": [153, 167]}, {"key": "the-client", "type": "definition", "offset": [181, 191]}, {"key": "by-the-manager", "type": "clause", "offset": [192, 206]}, {"key": "the-applicable", "type": "clause", "offset": [212, 226]}, {"key": "performance-measurement-period", "type": "definition", "offset": [227, 257]}, {"key": "cap-rate", "type": "definition", "offset": [462, 470]}, {"key": "floor-rate", "type": "definition", "offset": [479, 489]}, {"key": "depending-on-the", "type": "clause", "offset": [491, 507]}, {"key": "return-of", "type": "clause", "offset": [575, 584]}, {"key": "the-performance", "type": "clause", "offset": [656, 671]}, {"key": "fulcrum-fee", "type": "clause", "offset": [696, 707]}, {"key": "equal-to", "type": "definition", "offset": [716, 724]}, {"key": "benchmark-return", "type": "definition", "offset": [729, 745]}, {"key": "changes-in", "type": "definition", "offset": [842, 852]}, {"key": "specified-increment", "type": "definition", "offset": [867, 886]}, {"key": "change-in", "type": "definition", "offset": [890, 899]}, {"key": "basis-point", "type": "definition", "offset": [1116, 1127]}, {"key": "fee-for-services", "type": "clause", "offset": [1129, 1145]}], "snippet": "means the rate of fee produced by application of the formula set forth above. Under such formula, the rate of fee varies directly with the time-weighted rate of return achieved for the Client by the Manager over the applicable performance measurement period, but is never greater than the \"cap\" rate nor less than the \"floor\" rate specified in the formula. The rate of fee varies above and below the \"fulcrum\" fee rate, i.e., the rate that is midway between the cap rate and the floor rate, depending on the amount by which the Manager's return exceeds, or is less than, the return of the \"benchmark\" specified in the formula. (The rate of return at which the Performance Fee Rate will equal the fulcrum fee rate is equal to the benchmark return plus the \"hurdle\" rate incorporated in the formula.) The rate at which the Performance Fee Rate changes in response to a specified increment of change in the Manager's performance relative to the performance of the benchmark is constant. The Performance Fee Rate will change as the Manager's performance varies from the performance of the benchmark in increments of one basis point. Fee For Services", "size": 8, "hash": "b3d27d3180a1fb708d84e83265457dde", "id": 1}, {"samples": [{"hash": "18UhzJILPW0", "uri": "https://www.clamc.com.hk/ueditor/php/upload/file/20210906/1630891908994021.pdf", "label": "www.clamc.com.hk", "score": 10.832991102, "published": false}, {"hash": "1P6zwdZRIbB", "uri": "http://www.clamc.com.hk/upload/20200429/20200429164734697.pdf", "label": "www.clamc.com.hk", "score": 10.1594798084, "published": false}, {"hash": "8eSsrTa2BWi", "uri": "https://www.clamc.com.hk/ueditor/php/upload/file/20210330/1617073290982264.pdf", "label": "www.clamc.com.hk", "score": 8.6194387406, "published": false}], "snippet_links": [{"key": "in-respect-of", "type": "clause", "offset": [7, 20]}, {"key": "performance-period", "type": "definition", "offset": [26, 44]}], "snippet": "means, in respect of each Performance Period, 10%.", "size": 6, "hash": "646b06e99d8bfd21cf9098d8c55733c7", "id": 2}, {"samples": [{"hash": "cHRLORDr9WW", "uri": "https://www.lfis.com/pdfDocuments/productDocuments/LU1214486372/EN/FRA/PROSPECTUS.pdf", "label": "www.lfis.com", "score": 18.9473035009, "published": false}, {"hash": "hc6HwQf9Yem", "uri": "https://kid.baloise.lu/international/ExtCleanshare/LU1012219207_20240202_SFDR_EN.pdf", "label": "kid.baloise.lu", "score": 12.0088980151, "published": false}, {"hash": "6w3hCYNTJyV", "uri": "https://doc.morningstar.com/document/d15d7bda6c7e2918ba7efb6494af144c.msdoc/?clientid=euretailsite&key=9ab7c1c01e51bcec", "label": "doc.morningstar.com", "score": 10.9958932238, "published": false}], "snippet_links": [], "snippet": "means 15%.", "size": 5, "hash": "979b11150cdd21901328ac8bd31b87f0", "id": 3}, {"samples": [{"hash": "7tVms4QCNKQ", "uri": "/contracts/7tVms4QCNKQ#performance-fee-rate", "label": "Money Manager Agreement (Tiff Investment Program)", "score": 27.1519507187, "published": true}, {"hash": "gUFyCnvbhEc", "uri": "/contracts/gUFyCnvbhEc#performance-fee-rate", "label": "Money Manager Agreement (Tiff Investment Program Inc)", "score": 24.1622176591, "published": true}], "snippet_links": [{"key": "the-rate", "type": "clause", "offset": [6, 14]}, {"key": "application-of-the", "type": "clause", "offset": [34, 52]}, {"key": "rate-of-return", "type": "definition", "offset": [153, 167]}, {"key": "the-fund", "type": "clause", "offset": [181, 189]}, {"key": "by-the-manager", "type": "clause", "offset": [190, 204]}, {"key": "the-applicable", "type": "clause", "offset": [210, 224]}, {"key": "performance-measurement-period", "type": "definition", "offset": [225, 255]}, {"key": "cap-rate", "type": "definition", "offset": [460, 468]}, {"key": "floor-rate", "type": "definition", "offset": [477, 487]}, {"key": "depending-on-the", "type": "clause", "offset": [489, 505]}, {"key": "return-of", "type": "clause", "offset": [573, 582]}, {"key": "the-performance", "type": "clause", "offset": [643, 658]}, {"key": "changes-in", "type": "definition", "offset": [668, 678]}, {"key": "specified-increment", "type": "definition", "offset": [693, 712]}, {"key": "change-in", "type": "definition", "offset": [716, 725]}, {"key": "basis-point", "type": "definition", "offset": [942, 953]}], "snippet": "means the rate of fee produced by application of the formula set forth above. Under such formula, the rate of fee varies directly with the time-weighted rate of return achieved for the Fund by the Manager over the applicable performance measurement period, but is never greater than the \u201ccap\u201d rate nor less than the \u201cfloor\u201d rate specified in the formula. The rate of fee varies above and below the \u201cfulcrum\u201d fee rate, i.e., the rate that is midway between the cap rate and the floor rate, depending on the amount by which the Manager\u2019s return exceeds, or is less than, the return of the \u201cbenchmark\u201d specified in the formula. The rate at which the Performance Fee Rate changes in response to a specified increment of change in the Manager\u2019s performance relative to the performance of the benchmark is constant. The Performance Fee Rate will change as the Manager\u2019s performance varies from the performance of the benchmark in increments of one basis point.", "size": 3, "hash": "84c36338d9edf5c8ef76c05a6be4fc6c", "id": 4}, {"samples": [{"hash": "hX9Bku7XaAB", "uri": "https://www.fondsvermittlung24.de/fonds-documents/fwwdok_AOBQz5Kmnn.pdf", "label": "www.fondsvermittlung24.de", "score": 8.7316906229, "published": false}, {"hash": "1M6F3MoN2ZR", "uri": "https://solutions.vwdservices.com/products/documents/2AD29333-18B9-4B25-9324-D1598CBEF382", "label": "solutions.vwdservices.com", "score": 8.7316906229, "published": false}], "snippet_links": [{"key": "hurdle-rate", "type": "definition", "offset": [12, 23]}], "snippet": "means 15%. \"Hurdle Rate\" means 4% p.a.", "size": 2, "hash": "a9f86320d7fbf2a1d1fd010febf85ab7", "id": 5}, {"samples": [{"hash": "8uigEo53Zhq", "uri": "https://www.sec.gov/Archives/edgar/data/916622/000089743608000375/wbsite.htm", "label": "Tiff Investment Program Inc", "score": 3.0, "published": false}], "snippet_links": [{"key": "the-rate", "type": "clause", "offset": [6, 14]}, {"key": "application-of-the", "type": "clause", "offset": [34, 52]}, {"key": "rate-of-return", "type": "definition", "offset": [153, 167]}, {"key": "the-client", "type": "definition", "offset": [181, 191]}, {"key": "by-the-manager", "type": "clause", "offset": [192, 206]}, {"key": "the-applicable", "type": "clause", "offset": [212, 226]}, {"key": "performance-measurement-period", "type": "definition", "offset": [227, 257]}, {"key": "cap-rate", "type": "definition", "offset": [462, 470]}, {"key": "floor-rate", "type": "definition", "offset": [479, 489]}, {"key": "depending-on-the", "type": "clause", "offset": [491, 507]}, {"key": "return-of", "type": "clause", "offset": [575, 584]}, {"key": "the-performance", "type": "clause", "offset": [656, 671]}, {"key": "fulcrum-fee", "type": "clause", "offset": [696, 707]}, {"key": "equal-to", "type": "definition", "offset": [716, 724]}, {"key": "benchmark-return", "type": "definition", "offset": [729, 745]}, {"key": "changes-in", "type": "definition", "offset": [842, 852]}, {"key": "specified-increment", "type": "definition", "offset": [867, 886]}, {"key": "change-in", "type": "definition", "offset": [890, 899]}, {"key": "basis-point", "type": "definition", "offset": [1116, 1127]}], "snippet": "means the rate of fee produced by application of the formula set forth above. Under such formula, the rate of fee varies directly with the time-weighted rate of return achieved for the Client by the Manager over the applicable performance measurement period, but is never greater than the \u201ccap\u201d rate nor less than the \u201cfloor\u201d rate specified in the formula. The rate of fee varies above and below the \u201cfulcrum\u201d fee rate, i.e., the rate that is midway between the cap rate and the floor rate, depending on the amount by which the Manager\u2019s return exceeds, or is less than, the return of the \u201cbenchmark\u201d specified in the formula. (The rate of return at which the Performance Fee Rate will equal the fulcrum fee rate is equal to the benchmark return plus the \u201churdle\u201d rate incorporated in the formula.) The rate at which the Performance Fee Rate changes in response to a specified increment of change in the Manager\u2019s performance relative to the performance of the benchmark is constant. The Performance Fee Rate will change as the Manager\u2019s performance varies from the performance of the benchmark in increments of one basis point.", "size": 2, "hash": "5dfcb4e8513c0f14627edaf91615fec1", "id": 6}, {"samples": [{"hash": "kAXjtUbWwjT", "uri": "/contracts/kAXjtUbWwjT#performance-fee-rate", "label": "Interim Money Manager Agreement (Tiff Investment Program Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-rate", "type": "clause", "offset": [6, 14]}, {"key": "application-of-the", "type": "clause", "offset": [34, 52]}, {"key": "schedule-1", "type": "definition", "offset": [74, 84]}, {"key": "rate-of-return", "type": "definition", "offset": [168, 182]}, {"key": "the-fund", "type": "clause", "offset": [196, 204]}, {"key": "by-the-manager", "type": "clause", "offset": [205, 219]}, {"key": "the-applicable", "type": "clause", "offset": [225, 239]}, {"key": "performance-measurement-period", "type": "definition", "offset": [240, 270]}, {"key": "cap-rate", "type": "definition", "offset": [475, 483]}, {"key": "floor-rate", "type": "definition", "offset": [492, 502]}, {"key": "depending-on-the", "type": "clause", "offset": [504, 520]}, {"key": "return-of", "type": "clause", "offset": [588, 597]}, {"key": "the-performance", "type": "clause", "offset": [669, 684]}, {"key": "fulcrum-fee", "type": "clause", "offset": [709, 720]}, {"key": "equal-to", "type": "definition", "offset": [729, 737]}, {"key": "benchmark-return", "type": "definition", "offset": [742, 758]}, {"key": "changes-in", "type": "definition", "offset": [855, 865]}, {"key": "specified-increment", "type": "definition", "offset": [880, 899]}, {"key": "change-in", "type": "definition", "offset": [903, 912]}, {"key": "the-line", "type": "definition", "offset": [1004, 1012]}, {"key": "basis-point", "type": "definition", "offset": [1234, 1245]}], "snippet": "means the rate of fee produced by application of the formula set forth in Schedule 1 hereto. Under such formula, the rate of fee varies directly with the time-weighted rate of return achieved for the Fund by the Manager over the applicable performance measurement period, but is never greater than the \"cap\" rate nor less than the \"floor\" rate specified in the formula. The rate of fee varies above and below the \"fulcrum\" fee rate, i.e., the rate that is midway between the cap rate and the floor rate, depending on the amount by which the Manager's return exceeds, or is less than, the return of the \"benchmark\" specified in the formula. (The rate of return at which the Performance Fee Rate will equal the fulcrum fee rate is equal to the benchmark return plus the \"hurdle\" rate incorporated in the formula.) The rate at which the Performance Fee Rate changes in response to a specified increment of change in the Manager's performance relative to the performance of the benchmark (i.e., the slope of the line graph appearing in Schedule 1) is constant (i.e., the graph's slope is a straight line). The Performance Fee Rate will change as the Manager's performance varies from the performance of the benchmark in increments of one basis point.", "size": 2, "hash": "90cadf8b8685ebb6a812cf7427970df0", "id": 7}, {"samples": [{"hash": "5PBX8ofsZrv", "uri": "/contracts/5PBX8ofsZrv#performance-fee-rate", "label": "Performance Fee Calculation (Tiff Investment Program Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-rate", "type": "clause", "offset": [27, 35]}, {"key": "the-applicable", "type": "clause", "offset": [70, 84]}, {"key": "rate-of-return", "type": "definition", "offset": [185, 199]}, {"key": "by-the-manager", "type": "clause", "offset": [241, 255]}, {"key": "performance-measurement-period", "type": "definition", "offset": [276, 306]}, {"key": "cap-rate", "type": "definition", "offset": [511, 519]}, {"key": "floor-rate", "type": "definition", "offset": [528, 538]}, {"key": "depending-on-the", "type": "clause", "offset": [540, 556]}, {"key": "return-of", "type": "clause", "offset": [624, 633]}, {"key": "the-performance", "type": "clause", "offset": [705, 720]}, {"key": "fulcrum-fee", "type": "clause", "offset": [745, 756]}, {"key": "equal-to", "type": "definition", "offset": [765, 773]}, {"key": "benchmark-return", "type": "definition", "offset": [778, 794]}, {"key": "changes-in", "type": "definition", "offset": [891, 901]}, {"key": "specified-increment", "type": "definition", "offset": [916, 935]}, {"key": "change-in", "type": "definition", "offset": [939, 948]}, {"key": "basis-point", "type": "definition", "offset": [1165, 1176]}, {"key": "fee-for-services", "type": "clause", "offset": [1178, 1194]}], "snippet": "for MAF or USEF shall mean the rate of fee produced by application of the applicable formula set forth above. Under such formula, the rate of fee varies directly with the time-weighted rate of return achieved for MAF or USEF, as applicable, by the Manager over the applicable performance measurement period, but is never greater than the \u201ccap\u201d rate nor less than the \u201cfloor\u201d rate specified in the formula. The rate of fee varies above and below the \u201cfulcrum\u201d fee rate, i.e., the rate that is midway between the cap rate and the floor rate, depending on the amount by which the Manager's return exceeds, or is less than, the return of the \u201cbenchmark\u201d specified in the formula. (The rate of return at which the Performance Fee Rate will equal the fulcrum fee rate is equal to the benchmark return plus the \u201churdle\u201d rate incorporated in the formula.) The rate at which the Performance Fee Rate changes in response to a specified increment of change in the Manager's performance relative to the performance of the benchmark is constant. The Performance Fee Rate will change as the Manager's performance varies from the performance of the benchmark in increments of one basis point. Fee for Services", "size": 2, "hash": "38abc42048c5a58f40ad0e45b1af1da1", "id": 8}, {"samples": [{"hash": "5NiRFkZO9rY", "uri": "/contracts/5NiRFkZO9rY#performance-fee-rate", "label": "Money Manager Agreement (Tiff Investment Program)", "score": 30.325119781, "published": true}], "snippet_links": [{"key": "the-percentage", "type": "definition", "offset": [6, 20]}, {"key": "with-reference-to", "type": "clause", "offset": [32, 49]}, {"key": "equal-to", "type": "definition", "offset": [123, 131]}], "snippet": "means the percentage calculated with reference to the Average Manager Assets as set forth in the table below. Less than or equal to $100 million 10 % More than $100 million and less than or equal to $200 million 15 % More than $200 million and less than or equal to $2 billion 20 % More than $2 billion and less than or equal to $2.5 billion 15 % More than $2.5 billion 10 %", "size": 2, "hash": "a06ec4f239e2510680232e3bd200a894", "id": 9}, {"samples": [{"hash": "jVGcjPAFPe8", "uri": "https://www.gmo.com/globalassets/documents---manually-loaded/documents/prospectus/gmo-investments-icav---singapore-wrapper.pdf", "label": "www.gmo.com", "score": 20.2598224022, "published": false}], "snippet_links": [{"key": "class-r", "type": "definition", "offset": [44, 51]}, {"key": "investment-fund", "type": "definition", "offset": [82, 97]}, {"key": "per-cent", "type": "definition", "offset": [102, 110]}], "snippet": "means, for all Classes K, K2, L and L2, and Class R USD of GMO Equity Dislocation Investment Fund, 20 per cent.;", "size": 1, "hash": "c4005673e684f998972697976812df3e", "id": 10}], "next_curs": "CmESW2oVc35sYXdpbnNpZGVyY29udHJhY3Rzcj0LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIdcGVyZm9ybWFuY2UtZmVlLXJhdGUjMDAwMDAwMGEMogECZW4YACAA", "definition": {"title": "Performance Fee Rate", "snippet": "means the rate of fee produced by application of the formula set forth above. Under such formula, the rate of fee varies directly with the time-weighted rate of return achieved for the Client by the Manager over the applicable performance measurement period, but is never greater than the \"cap\" rate nor less than the \"floor\" rate specified in the formula. The rate of fee varies above and below the \"fulcrum\" fee rate, i.e., the rate that is midway between the cap rate and the floor rate, depending on the amount by which the Manager's return exceeds, or is less than, the return of the \"benchmark\" specified in the formula. (The rate of return at which the Performance Fee Rate will equal the fulcrum fee rate is equal to the benchmark return plus the \"hurdle\" rate incorporated in the formula.) The rate at which the Performance Fee Rate changes in response to a specified increment of change in the Manager's performance relative to the performance of the benchmark is constant. The Performance Fee Rate will change as the Manager's performance varies from the performance of the benchmark in increments of one basis point. Fee For Services", "size": 41, "id": "performance-fee-rate", "examples": ["Likewise, in the case where the Fund has significantly underperformed versus the Index but net assets have increased significantly, the monthly total Fulcrum Fee can be greater than 0.10% although the Base Fee Rate minus the <strong>Performance Fee Rate</strong> may be 0.10%.", "If the Fund is significantly underperforming versus the Index and the Fund\u2019s net assets have declined significantly, the monthly total Fulcrum Fee can be a negative number (although the Base Fee Rate minus the <strong>Performance Fee Rate</strong> can never be negative (the Minimum Fee Rate is 10 bps), the Fulcrum Fee can be negative).", "During the first year, the Sub-Adviser will be paid out monthly only the Base Fee Rate less the maximum <strong>Performance Fee Rate</strong> (the \u201cMinimum Fee Rate\u201d).", "The <strong>Performance Fee Rate</strong> will be derived from the comparative performance of the Fund relative to the Index, according to the terms discussed above, over a trailing 12-month period that is \u201cbuilt up\u201d each month as described in Exhibit C.", "The <strong>Performance Fee Rate</strong> will increase/decrease by 1 bp (0.01%) for each 5.7143 bps (0.057143%) of outperformance/underperformance of the Index.", "Base Fee 45 Basis Points (0.45%) annually (one basis point \u201cbp\u201d equals one hundredth of one percent) Performance Fee The <strong>Performance Fee Rate</strong> will vary by up to +/-35 bps (0.35%) and the Performance Fee shall be added to or subtracted from the Base Fee to arrive at the total Fulcrum Fee.", "As full compensation for all services rendered, facilities furnished and expenses borne by the Sub-Adviser hereunder, the Manager shall pay the Sub-Adviser compensation, within thirty days after the end of each calendar quarter, at the <strong>Performance Fee Rate</strong>.", "The <strong>Performance Fee Rate</strong> will be applied to the average daily net assets of the Fund during the same measurement period used to calculate the Performance Fee.", "Performance Fee The <strong>Performance Fee Rate</strong> will be derived from the comparative performance of the Fund relative to the Index, according to the terms discussed above, over a trailing 12-month period that is \u201cbuilt up\u201d each month as described in Exhibit C.", "The <strong>Performance Fee Rate</strong> will be derived from the comparative performance of the Fund to the Index, according to the terms discussed above, for the period beginning from the inception date of the Agreement (July 1, 2013) through the date of calculation."], "related": [["program-fee-rate", "Program Fee Rate", "Program Fee Rate"], ["expense-fee-rate", "Expense Fee Rate", "Expense Fee Rate"], ["l-c-fee-rate", "L/C Fee Rate", "L/C Fee Rate"], ["unused-fee-rate", "Unused Fee Rate", "Unused Fee Rate"], ["fee-rate", "Fee Rate", "Fee Rate"]], "related_snippets": [], "updated": "2025-07-06T21:58:41+00:00"}, "json": true, "cursor": ""}}